MoneyWorks4Me

SBI puts 12 NPAs worth Rs 848.54 crore for sale

09 Apr 2018 Evaluate

State Bank of India (SBI) has put 12 Non-performing Assets (NPAs) with total outstanding of Rs 848.54 crore for sale. The bank will conduct the e-auction on April 20, 2018. The bank has placed these accounts for sale to asset reconstruction companies (ARCs)/banks/NBFCs/financial intuitions.

Of these accounts, Surat based Garden Silk Mills has the highest outstanding of Rs 225.06 crore, followed by Korba West Power Company (Gurgaon) Rs 124.78 crore, Modern Steels (Chandigarh) Rs 122.61 crore and SNS Starch (Secunderabad) Rs 66.87 crore.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

Peers
Company Name CMP
State Bank Of India 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
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